Yes, doing this will affect your financials, gloriadeb204.

In any case, accounting write-offs serve two purposes:

• Firstly, write-offs support accounting accuracy objectives.
• Secondly, the "write-off" creates tax savings for asset owners. These actions reduce tax liability by creating (non-cash) expenses that result in lower reported income.

This process ensures your accounts receivable and net income stay up-to-date. I'd suggest working with your accountant to make sure your reports are accurate.

You can take a look at this article: Write off bad debt in QuickBooks Desktop. This will give you the step-by-step process of writing off bad debt.

Additionally, you can visit the following write-up: Sales and customers. This will provide you links on how to manage your company income as well as resources about other customer-related concerns.

I'm only a post away if I can be of additional assistance or need more help with QuickBooks. I'm always here to keep helping. Wishing you a wonderful rest of the week.